Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

Delayed Quote. Delayed  - 08/26 05:35:23 pm
21.34 EUR   +0.90%
08/25 THYSSENKRUPP : About 1,000 young people begin their apprenticeship w..
08/24 THYSSENKRUPP : Doha Metro inks deal for hundreds of elevators and es..
08/24 THYSSENKRUPP : wins 500-unit Doha Metro contract
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Outokumpu Submits Alternative Proposal to EU on Inoxum Deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/01/2012 | 10:10am CEST

STOCKHOLM--Finnish steel company Outokumpu Oyj (OUT1V.HE) said Monday it is submitting a new proposal to the European Commission related to its intended acquisition of Inoxum, the stainless steel unit of Germany's ThyssenKrupp AG (>> ThyssenKrupp AG).

The commission has told Outokumpu that an initial remedy proposal announced on Sept. 20, which included the divestment of its Swedish melting and coil operations, may not be sufficient to permit the approval of the Inoxum deal.

Outokumpu is therefore submitting a new remedy proposal under which the Inoxum stainless steel mill in Terni, Italy would be divested, and selected European service centers would not be part of the merged group.

"Strategic importance and our commitment to the Inoxum transaction remain unchanged despite the EU Commission's new demands," said Mika Seitovirta, Outokumpu's chief executive.

In January this year, the company announced that it intended to buy Inoxum for 2.7 billion euros ($3.54 billion), but the EU Commission said approval for the proposed acquisition would require Outokumpu to divest part of the combined operations of Inoxum and Outokumpu.

On Sept. 20, Outokumpu proposed the divestiture of its Swedish melting and coil operations in Avesta, Nyby and Kloster, as well as part of its European sales network. The proposal also included additional cold rolling capacity to be added in Avesta.

The commission is expected to promptly commence market testing to form a view on the suitability of this alternative remedy, the Finnish company said. No definitive agreements or decisions have been reached at this time.

The commission's review process is expected to continue until Nov. 16 and Outokumpu is aiming to finalize the transaction by the end of 2012.

Write to Christina Zander at christina.zander@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : ThyssenKrupp AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THYSSENKRUPP AG
08/25 THYSSENKRUPP : About 1,000 young people begin their apprenticeship with thyssenk..
08/24 THYSSENKRUPP : Doha Metro inks deal for hundreds of elevators and escalators fro..
08/24 THYSSENKRUPP : wins 500-unit Doha Metro contract
08/24 THYSSENKRUPP : contributes to enhancing urban mobility in Qatar
08/18 THYSSENKRUPP : MILITARY $125,930 Federal Contract Awarded to Rotek
08/18 THYSSENKRUPP : Industrial Solutions (USA) Assigned Patent
08/18 THYSSENKRUPP : promotes diversity as a crucial driver for innovation
08/17 THYSSENKRUPP : Rio prosecutors investigate tax breaks for ThyssenKrupp plant
08/17 THYSSENKRUPP : Financial calendar for 2016-17 - RIAS A/S
08/17 THYSSENKRUPP : Interim report RIAS A/S
More news
Sector news : Steel - NEC
08/22 ARCELORMITTAL SOUTH AFRICA : to pay record $110 mln to settle anti-trust charges
08/21DJFORTESCUE METALS : Net Profit Triples, Dividend Jumps
08/17 THYSSENKRUPP : Rio prosecutors investigate tax breaks for ThyssenKrupp plant
08/16DJSome Firms Intensify Push for Gender Parity at Board Level
08/16DJBHP Billiton Reports Worst-Ever Annual Loss
More sector news : Steel - NEC
News from SeekingAlpha
08/12 ThyssenKrupp posts Q3 profit beat, says Brexit will not affect Tata talks
08/12 ThyssenKrupp's (TYEKF) CEO Heinrich Hiesinger on Q2 2016 Results - Earnings C..
08/11 ThyssenKrupp AG reports FQ3 results
07/11 ThyssenKrupp in talks with Tata Steel about European steel plants
07/01 LATIN AMERICA'S MORNING ESPRESSO : July 1
Advertisement
Financials (€)
Sales 2016 40 338 M
EBIT 2016 1 463 M
Net income 2016 427 M
Debt 2016 4 681 M
Yield 2016 0,92%
P/E ratio 2016 28,02
P/E ratio 2017 14,04
EV / Sales 2016 0,42x
EV / Sales 2017 0,40x
Capitalization 12 077 M
More Financials
Chart THYSSENKRUPP AG
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Full-screen chart
Technical analysis trends THYSSENKRUPP AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 22,9 €
Spread / Average Target 7,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Heinrich Hiesinger Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Guido Kerkhoff Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP AG16.36%13 520
VALE SA49.27%27 047
ARCELORMITTAL85.49%19 786
NIPPON STEEL & SUMITOM..-14.28%19 326
POSCO--.--%17 304
NUCOR CORPORATION20.82%15 501
More Results